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The skyscrapers in the desert mean absolutely shit, though. Likewise man made islands that disappear without constant care. Those are not investments. Using mo
by ddalex 8y ago
The skyscrapers in the desert mean absolutely shit, though. Likewise man made islands that disappear without constant care.
Those are not investments.
Using money to make more advanced development possible, that's investments. The Norwegians got it right IMHO - they put all their oil money back in the economy, and they are punching now way above their weight! They have about 1% of the EU population, but own about 10% of EU Companies through their investments. Bar any major catastrophe, or very stupid decisions, they will have a good life for generations to come, regardless of their oil futures.
- growlist 8y agoI don't think it's beyond the realms of possibility to imagine future generations might look dimly on wealth gained from oil.
- adrianN 8y agoIn the a similar way as current generations look dimly on wealth gained by stealing land from indigenous populations, or on wealth gained from cutting down almost all old growth forest, I presume.
- x220 8y agoPeople who are well fed, clothed, properly housed, and with little to spend their time on often criticize the culture that feeds them.
- dd36 8y agoThose that aren’t don’t criticize their culture? Seems like maybe criticism is a constant.
- x220 8y agoI'm pointing out that people who are very well off tend to criticize the culture that provides them with the comforts of modern life while being oblivious about the benefits of their culture which they enjoy. I made no claim about other kinds of people.